What would rainyday fx equity exposure

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RainyDay Inc. has a market equity of USD 600 million. RainyDay also has USD 120 million in USD-denominated net debt and USD 80 million in EUR-denominated net debt. RainyDay's FX business exposure to the EUR is 2.40. What would RainyDay's FX equity exposure be if the company would issue/raise an additional (new) USD 40 million in EUR-denominated debt?

Reference no: EM132466356

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